Online Payday Loans Direct Lenders – Guaranteed Legit!
Is payday still weeks ahead and you need money now? Then go directly to the source – the online payday loan direct lenders.
So, without further ado, we will explain to you step-by-step on why you must give direct payday lenders online a try.
What is a Direct Lender?
A direct lender (also known as a loan lender) refers to a person who is in charge of the direct lending process. A direct online lender refers to the person we connect to a loan applicant (you).
Having said that, when you submit a loan application to direct lenders, their job is to do the following:
- Collect and assess information on the loan application
- Perform credit checks (can be soft or hard credit check) – A direct lender will check your files in the major credit reporting bureaus and credit services organization in America.
- Provide you a loan product (or respectfully reject your request)
What is an Online Payday Loans Direct Lender?
Specifically, online payday loan direct lenders are the people who offer online payday loans (as the name implies).
Is Purple Payday a Direct Payday Lender?
To make things clear, Purple Payday is not a direct lender. Let alone a payday loan direct lender.
We are a legitimate financial referring service. With that being said, our job is to connect you to the most trusted direct payday lenders and lending companies online. This is so that you don’t have to waste time searching the internet.
Payday Champion is connected to a large network of direct lenders and we connect them to loan applicants like you!
What are the Loan Products Offered by Direct Lenders?
Here on Purple Payday, the loan products that our network of direct lenders offers are as follows:
- Short term loans
- Payday loans (also known as cash advance loans)
- Title loans
- Cash loans
This and more when you choose to transact with our online payday loan direct lenders today.
How to Spot Legit Online Direct Lenders?
Please be careful when transacting loans online. You might be dealing with a scammer lender! To prevent yourself from doing so, here are the following features to spot 100% legit payday loans online direct lenders:
- DBO license holder – The DBO (Department of Business Oversight) license is required for any financial institutions, direct lenders, or any business that are providing financial services (such as loans online or on-site). This broker license provides an exclusion of the usury law provision that is pursuant to the California Constitution (see Division 9, Section 22000 of the California Financial Code et seq.).
With that being said, the usury law is a governing regulation about the amount of interest charged to any type of loan; this law is responsible for setting the maximum limit of interest rate added to financial services (in short, the usury law protect borrowers from abusive lenders).
Here on Purple Payday, the lenders we work with are proudly DBO license holders.
- Legal consumer lending – The consumer lending business must abide by the jurisdiction of the Utah Department of Financial Institutions (UDFI); or whatever state the loan applicant resides in America.
- Offer legitimate and legal loans – Take note that all loan products are subject to approval by the direct online lender. Loans must be arranged pursuant to the California Financing Law License. Remember that legit and legal loans are also licensed by the DBO pursuant to the California Deferred Deposit Transaction Law.
- Handle delinquent loans professionally – Established direct lenders online handle delinquent loans professionally. A delinquent loan refers to a financial situation where the borrower either defaults (misses), late or overdue on a payment. Provided that, the online lenders we work with will simply send a customer notice for the loan settlement.
How Online Direct Lenders Provide Fast Financial Solutions
Direct lenders online provide fast financial solutions guaranteed. Here are some advantages to choosing the direct lending way:
- Simultaneous online lending process – When you transact with online payday loan direct lenders, you will only deal with a single person and company.
- Your information is safe and secure – Dealing with an online direct lender will save you from getting confused during the lending process. Plus, you can assure that your direct lender will not sell your information to 3rd-party lenders. So, if you want to keep your information safe and secure, you better opt for payday loan direct lenders.
Why Choose Direct Lenders from Purple Payday?
When you choose Purple Payday to find trusted online direct lenders, you will enjoy the following benefits:
- Lower rates – When you choose Purple Payday to find you a payday loans lender, you will enjoy lower rates on loans online. This is because there are no hidden charges and 3rd parties involved.
- Fast lending process – Here on Purple Payday, we guarantee you a fast lending process. We will connect you to direct payday lenders.
- Quick loan approval – The lenders we work with understand that loans call for immediate reasons. That is why we guarantee you to receive the cash advance the same business day. What delays the process is if your loan application is incomplete. So be sure to submit everything to get the loan fund in no time.
Given the following pointers above, you must always make sure that you are transacting with online payday loan direct lenders only. This is to avoid scammers and getting involved in a legal dispute towards fake direct lenders.
When you choose Purple Payday, we guarantee that you will have a satisfying lending process. So, submit your loan application now and let us help you connect with online payday loan direct lenders today.
Rudi is a credit analyst who writes articles about credit scores, building credit, and consolidating debt. His know-how on poor credit and credit unions make his input invaluable to our company. There is no credit score out there that Rudi can’t help with.